Ms Oonagh McPhillips:

I have heard people who are more expert on land value than me refer to that period of time, from 2004 to 2006, as the silly season in terms of land value. Certainly when one looks at this exercise, it appears this way. The current valuation is €6.5 million. That is based on its agricultural zoning. If a use was to be proposed, there would be an application to rezone and the value, as Deputy Catherine Murphy said earlier, would be for whatever would be put on it.